Financial Student Aid and Fiscal Responsibility Act: How Does it Affect You?
Paying for college can be even more of a struggle than getting in, but new legislation might make it a little easier for families by increasing federal financial aid. Last month Congress passed the Financial Student Aid and Fiscal Responsibility Act. The legislation expands financial aid, shifts direct federal lending and removes subsidies to private lenders. Supporters have claimed that the bill would save taxpayers $87 billion over the next 10 years. The legislation promises to make college more affordable, but what does that mean for you and your family?
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